In a series of initiation reports, analysts from Maybank Securities, Tickrs, CGS International and RHB Bank Singapore have all rated this stock a “buy” or “add”.
Recently listed Coliwoo Holdings, a spin-off listing of LHN’s co-living arm, has seen a lacklustre share price performance. The counter listed on the Mainboard of the Singapore Exchange (SGX) on Nov 6 at an IPO price of 60 cents per share fell to as low as 56 cents before closing at 58 cents on Jan 14.
Analysts view this pricing dislocation as an attractive entry point for investors, provided they are willing to overlook short-term market volatility. They remain bullish on the group’s business fundamentals and growth.
